A Step-by-Step Guide to Determine the Value of Your Home

Knowing the value of a home is crucial when considering buying or selling. Whether you want to acquire a home or sell one, it's important to know its value so you can assess if you're getting a good deal. With this step-by-step guide, you can determine the indicative value of your home yourself without needing professional help.

1. Gather All Information About the Home

The first thing you need to do is collect all relevant information about your home. This includes the total living area, the number of bedrooms, the year of construction, the energy label, and other characteristics that affect your home's value. Understand which of these factors are the most value-determining.

1. Preliminary Research: Gather Information on Similar Homes in the Area

To get an idea of your home's value, it is important to look at comparable homes in your neighborhood. Gather information about similar homes, such as their size, year of construction, and location.

1. Check Recent Sale Prices of These Similar Homes via the Land Registry

The Land Registry offers a wealth of information about real estate transactions, including recent sale prices of homes in your area. By reviewing this information, you get a better idea of what comparable homes have sold for.

Calculate the Average Price Per Square Meter

Use the information you've gathered to calculate the average price per square meter of comparable homes in your area. This gives you an indication of what your home might be worth per square meter.

1. Now Calculate the Value of Your Home

Now that you've calculated the average price per square meter, multiply it by the total living area of your home. This gives you a rough estimate of your home's value based on comparable homes in the area.

Example Calculation:

Let's take an example where the average price per square meter of comparable homes is €4250. If your home has a total living area of 100 m², then the indicative value of your home based on comparable homes in the area is €425,000 (€4250 x 100).

1. Extra: Have an Appraiser Assess Your Home to Determine Its Value

If you want to know the value of your home more accurately, you might consider hiring a professional appraiser. An appraiser can perform a detailed appraisal based on various factors, including the condition of the property, location, and unique features of your home.

With this guide, you can get started to determine the value of your home. By conducting thorough research and gathering all relevant information, you can get a good picture of what your home is worth in the current market.